Iconiq Capital is now an $89-billion RIA as it evolves from wealth management to KKR mode -- not without Henry Kravis and 'glaring conflicts'
The San Francisco firm nearly quadrupled in size since June 2020 sources and buys pre-IPO shares, is determined to be a wealth manager to the super-wealthy and compete for A-list PE deals with Blackstone and the like.
Author Brooke Southall March 8, 2022 at 2:39 AM
![Spears Jeff](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D859dbc0c8b109daeee1b47485929d943%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Spears Jeff
March 8, 2022 — 12:09 PM
Ultra high net worth clients care more about deal flow. They don’t care about conflicts. They made their fortune using conflicts.